USD/CAD – 1H – BUY

The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.

An ascending movement upwards to the next resistance at 1.37223 will persist.

Caution: A possible reversal of the trend in the direction of support at could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘StochOSC Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘StochOSC Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘MACD Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 1.37413 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.37223 could happen.
Consider stop-loss settings accordingly.

1.37223 – 1.37413 – 1.36048 – 1.3687 – 1.368 – 1.36527 —
1.37002 – 1.37070 —
51.124610198778 – 49.665332124186 —
– —
1.37223 – 1773770400

Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –